February 1, 2010
The worldwide market for e-waste recovery, fuelled by the Waste Electrical and Electronic Equipment (WEEE) directive, is set to almost treble in the next four years, according to a new study.
Figures published by ABI Research in its study entitled e-Waste Recovery and Recycling suggest that the market will grow from £3.6 billion in 2009 to over £9.2 billion by the end of 2014.
Schemes such as WEEE were highlighted by the study as a cause for the growth, as well as rising e-waste collection and recycling rates, the increased availability of innovative and cost-effective recycling technologies and the integration of recycling markets in key Asia-Pacific locations.
Larry Fisher, ABI Research´s practice director, said: "The economic downturn of recent years shook the global waste management industry to its core.
"The combined impact of the ongoing global economic recovery and strengthening e-waste recycling legislation worldwide will drive improved recycling/recovery rates."
The WEEE directive came into force in January 2007 and aims to encourage citizens to re-use, recycle and recover e-waste instead of sending it to landfill.
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